Foreclosures 101

More and more foreclosures are coming on the market everyday. And I am sure you have heard this a hundred times already.

Here are a few things you should know if you are considering buying a forclosured home.
Once a home has been forclosured already the bank will work with a real estate company and place it on the market for sale. Usually at the current market value. Not what is owed to the bank.
Banks although you can fool me, don't want to own homes. They are banks. Not landlords.

If you are looking at a preforeclosure that is listed for sale with a real estate company, you maybe able to work out a good price below what they are asking. This is where the Professional Experienced Realtor comes in. I will negotiate for you to get you the best possible price.
You can save a lot of money.
Keep in mind these properties are typically sold "as is". Its the responsibility of the buyer to do his or her due diligence and inspections.
When someone purchases a forclosure, you need to make sure that all liens attached to that property are satisfied.
Call or e-mail me for information on forclosures and preforclosures in the
Delray Beach Real Estate market.

Check out www.delraybeachprimeproperties.com

Trade-up and Save Money

Great time to buy real estate. Homes for Sale
Its time to take advantage of the record drop in real estate prices and historically
low interest rates.

You can move up to bigger and better homes.
Here is the bottom line and that is what you need to look at. If you own a home
you already know that your house value has gone down. "But wait" as the say in those tv commercials.
So has all those high priced homes. You may sell your current home at a discount, but you can trade up to a bigger and better home also selling at a great discount.
The bottom line in most cases is your going to have a better home than you now have
costing you less than you may think.

check out my website http://www.delraybeachprimeproperties.com/
Delray Beach Real Estate Boca Raton Highland Beach Boynton Beach Real Estate

$8,000 Tax credit for first time home buyers

As I have been saying Great time to buy a new home. Especially if you are a first time home buyer.
This dose not mean never owned a home. It means as long as it hasn't been in the last 3 years.

To quilify for the tax credit, you must buy a new home between January 1, 2009 and November 30, 2009.
You must live in the house for at least 3 years or you will be obligated to pay back the tax credit.
There will be no house flipping here.

There are income restrictions. To qualify, buyers must make less than $75,000 for singles and $150,000 for couples. (Higher-income buyers may receive a partial credit.)

Applying for this credit is easy. Just claim it on your income tax

Great time to buy. Great homes at low prices and save money too.

www.delraybeachprimeproperties.com
Delray Beach Real Estate
Delray Beach---Boca Raton---Highland Beach---Boynton Beach---Ocean Ridge